no.... we don't like that.... make sure you put it in the p/s agreement that you recommended they have inspections but have waived their right to do so....

when they realize, after they own it, there is a serious issue, I assure you they will say you never recommended an inspection.... someone's going to pay for the repair!!! they go to the deepest pockets first...E&O insurance....

As a listing agent, I have had buyers waive all contingencies in order to be competitive. And more than once. The seller reports, disclosures and a pre-market inspection were reviewed and signed by the buyers.

When representing buyers, I have had situations in multiple offer situations and they had "lost" more than one property where they have removed the loan/appraisal contingency. They acknowledged and signed a advisory that they understood the downside of such an action.

Removing all contingencies is not necessarily an "automatic win" especially when more than one buyer participates with the same strategy.

Last 13 years all successful clients waived all contingency except loan funding. Buyer knows homes will not appraise to the sold value.

Just submitted another offer asked 850K townhome in an old industrial San Jose, CA. Offered $960K cash 1600 sf , $325 HOA due, NO CONTINGENCY, 7 days closing. Must deposit 5% EMD at the time of making offer. Rejected by RF. Reason: $960K offer was too low.

I assume waiving an addendum is the same as waiving a contingnecy such as inspections... I've had my clients say they want to do this, but I explain why it's not in their interest. When repesenting a seller, I've seen buyers do it, and it makes me nervous. I'd rather have a buyer use all their inspecitons rights up front so we don't end up in court later on even if we do end up on the winning end...

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